Dangote defends cement price in the face of criticism
Dangote Cement Plc said its cement price was in line with or below prices on the West African coast.
The company also said that the price of a bag of cement from its factories across Nigeria had not increased, contrary to viral reports in various media.
Much criticism has been leveled at the company over the disparity in the prices of its cement in Nigeria compared to other West African countries.
However, a statement from the company says that on Monday the price of Dangote Cement was N4,010 in Okpella and N4,640 in Ibese, Objana and Gboko.
The press release says that including transport costs and delivery location, prices could vary between N5,000 and N5,300 per bag.
The company said this clarification was made in light of recent misinformation that the company was selling cement in Nigeria at significantly higher prices than in other countries, particularly Nigeria. Republic of Benin, and other neighboring countries.
According to the Managing Director of Dangote Cement Group, Mr. Arvind Pathak, it was important to distinguish Dangote Cement's ex-factory prices from the prices at which retailers sold the cement in the market.
The company said its check in Cotonou, the commercial capital of the Republic of Benin, indicated that the cement sold for between 3,495 and 4,500 F CFA, which at the current exchange rate of 1 CFA: 1.43 NGN, was between N4,997 and N6,435 per bag.
Pathak said, "We continue to innovate new ways to deliver quality products to millions of our customers across Africa, while providing top-notch customer services.
At Dangote Cement, we are committed to building an inclusive and sustainable business for all stakeholders across the value chain. »
Please share this story:
Dangote Cement Plc said its cement price was in line with or below prices on the West African coast.
The company also said that the price of a bag of cement from its factories across Nigeria had not increased, contrary to viral reports in various media.
Much criticism has been leveled at the company over the disparity in the prices of its cement in Nigeria compared to other West African countries.
However, a statement from the company says that on Monday the price of Dangote Cement was N4,010 in Okpella and N4,640 in Ibese, Objana and Gboko.
The press release says that including transport costs and delivery location, prices could vary between N5,000 and N5,300 per bag.
The company said this clarification was made in light of recent misinformation that the company was selling cement in Nigeria at significantly higher prices than in other countries, particularly Nigeria. Republic of Benin, and other neighboring countries.
According to the Managing Director of Dangote Cement Group, Mr. Arvind Pathak, it was important to distinguish Dangote Cement's ex-factory prices from the prices at which retailers sold the cement in the market.
The company said its check in Cotonou, the commercial capital of the Republic of Benin, indicated that the cement sold for between 3,495 and 4,500 F CFA, which at the current exchange rate of 1 CFA: 1.43 NGN, was between N4,997 and N6,435 per bag.
Pathak said, "We continue to innovate new ways to deliver quality products to millions of our customers across Africa, while providing top-notch customer services.
At Dangote Cement, we are committed to building an inclusive and sustainable business for all stakeholders across the value chain. »
Please share this story:
What's Your Reaction?
